https://www.taxtmi.com/acts?id=17208 The amendment redefines urban land in clause (b) of Explanation 1 to section 2 of the Wealth-tax Act by treating land within specified aerial distances from municipal or cantonment local limits as urban depending on population bands, excluding land where construction is legally prohibited, land with approved construction, industrial land held for two years post-acquisition, and land held as stock-in-trade for ten years; "population" means the last preceding published census figure; effective 1 April 2014 for Assessment Year 2014-15 onward. en-us Fri, 01 Mar 2013 18:26:26 +0530 Sat, 02 Mar 2013 12:08:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17208 The amendment redefines urban land in clause (b) of Explanation 1 to section 2 of the Wealth-tax Act by treating land within specified aerial distances from municipal or cantonment local limits as urban depending on population bands, excluding land where construction is legally prohibited, land with approved construction, industrial land held for two years post-acquisition, and land held as stock-in-trade for ten years; "population" means the last preceding published census figure; effective 1 April 2014 for Assessment Year 2014-15 onward. Act-Rules Bills Fri, 01 Mar 2013 18:26:26 +0530 https://www.taxtmi.com/acts?id=17208